{LONGTERMINVESTORS} RBI Plans to Ease Some Fx Hedging Norms for Entities

 
RBI Plans to Ease Some Fx Hedging Norms for Entities
2016-08-25 12:21:29.540 GMT


By Kartik Goyal
    (Bloomberg) -- RBI will permit entities exposed to exchange
rate risk, whether resident or non-resident, to undertake hedge
transactions, upto a limit of $30m: Statement.

 * AD banks may, based on their assessment of the risk
   management capabilities of  customer, allow an open position
   limit of upto $5 million
 * Measures intended to improve liquidity and depth in the
   foreign exchange market
 * Limit will be revised from time to time based on experience
 * Detailed guidelines to be issued by Nov. 2016, RBI says

 

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